Strategic Alliance Agreement
This Strategic Alliance Agreement (“Agreement”) is made and entered into the first day of May 2021 (“Effective Date”) by and between A Corporation, a company duly organized and existing under the laws of Japan, having its principal office of business at ● (“Party A”) and B Corporation, a company duly organized and existing under the laws of California, United States, having its principal place of business at ● (“Party B”).
WHEREAS, Party A and Party B wish enter into a strategic alliance to increase profits of both parties by utilizing each party’s management resources and management know-how;
NOW, THEREFORE, in consideration of the promises, rights and obligations set forth below, the parties hereby agree as follows:
Article 1 Scope of Strategic Alliance
The parties shall jointly engage in the business set forth below for the development and cultivation of AI business analysis systems in Japanese market.
- Planning and development of AI analysis systems in Japanese market.
- Promotion of the products relating to AI analysis.
- Verification of laws and regulations relating to the application of AI systems in medical diagnose.
- Other business necessary for the promotion of AI analysis systems.